The Economics of Exchange Rates

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In the last few decades exchange rate economics has seen a number of developments, with substantial contributions to both the theory and empirics of exchange rate determination. Important developments in econometrics and the increasingly large availability of high-quality data have also been responsible for stimulating the large amount of empirical work on exchange rates in this period. Nonetheless, while our understanding of exchange rates has significantly improved, a number of challenges and open questions remain in the exchange rate debate, enhanced by events including the launch of the Euro and the large number of recent currency crises. This volume provides a selective coverage of the literature on exchange rates, focusing on developments from within the last fifteen years. Clear explanations of theories are offered, alongside an appraisal of the literature and suggestions for further research and analysis.However, a questionnaire survey conducted by the GroupofThirty (1985)
reportedthat 97percent ofbanksand87 per cent of securities houses believed that
theuse of technical analysishasa significantimpacton theforeign exchangemarket.

Title

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The Economics of Exchange Rates

Author

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Lucio Sarno, Mark P. Taylor

Publisher

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Cambridge University Press - 2003-01-09

ISBN-13

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